How to Find Great Tenants Quickly?
Jun 16, 2020
Peace of mind Property Management means finding great tenants in the shortest time frame to minimise vacancy and improve return on investment. Working with your Property Manager for a great outcome is essential. This means planning and ensuring the process is designed to make it easy for prospective tenants.
Five tips to help you find a great tenant
- Timeline – Ensure your Agency systems are to communicate with the Tenant in a timely manner well in advance of the lease expiry date so that you can plan to source new tenants with minimal vacancy. This may include ensuring maintenance is up to date and any planned improvements will be completed just prior to or during the change over.
- Recommendations – Pricing your property competitively is essential to success. Your Agency should provide with a comparative market analysis that will give you evidence of comparable property for rent or recently leased.
- Marketing – You only get one chance online; it must look its absolute best first time every time. Professional photos are required, you can also add value by including a floor plan, 3D Virtual tour, Video walkthrough, and for rent sign. Online marketing to include your most looked at portals and include social media, but also a booster Ad will take it to the first page.
- Technology – The process to apply must also be seamless. An online application means a faster turnaround time in processing and pinning down a move-in date. Using an online application means the tenant will not miss anything in the application and it can be finalised quickly.
- Making it Easy – People are time poor; we need to make access to the property to view easy. The appointments need to be flexible and should include after hours or weekend inspections to suit those working. If you get your marketing right by having a video online, lots of good well-lit photos by a professional, a viewing is only to confirm they like what they saw online. Applications are easy to get.
Talk to Home 2 Home Today
If you are on the lookout for the best purchase, sale or rental of residential real estate, try Home 2 Home Realty. We are a team of nine real estate professionals with a combined experience in the real estate industry of over 60 years. We assure you: we can deliver on our promises.